Student Loan Debt Relief

I am not a supporter of this as it doesn't actually get at the root cause at all...and I think it is a weird giveaway of other people's $.  I am hoping that it still has a positive effect since it's happening anyhow.

Re:Student loans....my wife and I have had a philosophy throughout our working years.....save heavily for retirement...as much as possible...and limited saving for our daughter's college.  We do plan to pay for college still.  Well, at a minimum pay whatever if would be to attend a good in-state college towards wherever she goes.  But I've always said...no one is going to give me a loan for retirement...but they will for college if we need it.  

I do wish we would make targeted trades/skills free.  Not all community college, but many programs free (it feels like the right next step after high school to provide the current necessary skills)...not all trade/apprentice programs free, but many.  And then even target some 4/5 year programs for free tuition to qualified (not financially, but academically and citizenship) students.  Figure out what we will need 5 years out and help make sure their is a skilled labor force for that.  

tempo_n_groove said:

mickeyrat said:

tempo_n_groove said:

Gern Blansten said:

tempo_n_groove said:

It's for 10k though?  My GF has 100K in debt...

yikes....still $10K > $0

mfc2006 said:

Gern Blansten said:

tempo_n_groove said:

It's for 10k though?  My GF has 100K in debt...

yikes....still $10K > $0

Exactly

We actually talked about trying to get that money and invest it.  We would probably do better in the long run.

My GF is one of those that had zero help from anyone, no guidance and was told by her guidance counselors to go to a good school and it will pay off.  All those people should be hanged.

Get that money? Do I understand you to mean you think you're getting cut a check for this debt relief? That money is going straight to the lender.

It is? shit.  That sucks.  Well at least she will hopefully get some knocked off and yes I was hoping it was a check cut to us.  Oh well.  We could have done better with it.

That would actually piss me off if that was allowed. Not at you, may as well take advantage of the money given. But the whole point is to reduce debt, not get free money to invest. If it did work like that, those who have student debt get free investments? That doesn't make any sense to me.

mace1229 said:

tempo_n_groove said:

mickeyrat said:

tempo_n_groove said:

Gern Blansten said:

tempo_n_groove said:

It's for 10k though?  My GF has 100K in debt...

yikes....still $10K > $0

mfc2006 said:

Gern Blansten said:

tempo_n_groove said:

It's for 10k though?  My GF has 100K in debt...

yikes....still $10K > $0

Exactly

We actually talked about trying to get that money and invest it.  We would probably do better in the long run.

My GF is one of those that had zero help from anyone, no guidance and was told by her guidance counselors to go to a good school and it will pay off.  All those people should be hanged.

Get that money? Do I understand you to mean you think you're getting cut a check for this debt relief? That money is going straight to the lender.

It is? shit.  That sucks.  Well at least she will hopefully get some knocked off and yes I was hoping it was a check cut to us.  Oh well.  We could have done better with it.

That would actually piss me off if that was allowed. Not at you, may as well take advantage of the money given. But the whole point is to reduce debt, not get free money to invest. If it did work like that, those who have student debt get free investments? That doesn't make any sense to me.

It's better they do it this way.  Not many people would invest it would be my guess.

mace1229 said:

True. Probably would see more people getting a new car rather than investing it or paying off debt. 

That would really help with inflation too!